🚨 LayerZero acquires Stargate for 110 million USD: an overview of the merger
Stargate DAO has just approved a proposal to sell the entire protocol to LayerZero for 110 million USD.
Although the majority voted "Yes", this deal has raised many concerns – from the rapid deployment speed, strong opposition from DAO members, to the price being much lower than its actual potential.
Notably, Wormhole had previously offered a price of 120 million USD but was ultimately not accepted.
🌉 Stargate: the leading multichain bridge
- Launched in March 2022 by @LayerZero_Core Labs, Stargate Finance is one of the prominent bridges, allowing cross-chain liquidity transfers without the need for wrapped assets. At its core is the OFT (Omnichain Fungible Tokens) standard, enabling the same token to exist natively across multiple blockchains.
- Over 80 blockchains have integrated (from EVM to Solana, TON, Aptos).
- More than 50 million transactions with a total volume of 63 billion USD.
- Treasury as of July 2025: 147.7 million USD, of which 95.4 million is in stablecoins (USDT, USDC), with the remainder in $STG and $ETH.
However, Stargate's revenue has sharply declined: from 20.3 million (2023) → 11.5 million (2024) → 2.15 million USD (2025). The price of the $STG token has also plummeted, from a peak of over 4 USD to around 0.16 USD.
PENDLE TVL SURPASSES 10B WITH 4M REVENUE/ MONTH
Pendle is booming: TVL exceeds $10B, revenue $4M/month, vePENDLE holders receive $23M/year 🎯
Pendle is not just a DeFi protocol, but a true "yield market": separating Principal Token (PT) and Yield Token (YT), turning future profits into tradable assets.
Why has Pendle become the center of cash flow?
1️⃣ Ethena USDe pool attracts $3.36B with an APY of 14.5% – the number 1 destination for stablecoins.
2️⃣ Steady revenue of $4M/month, vePENDLE holders benefiting $3.86M just in May.
3️⃣ Multi-chain expansion (Solana, TON, HyperEVM), connecting TradFi through Citadels.
4️⃣ Superior technology: Time-Decay AMM (200x capital efficiency), Flash-Swap YT (unlimited depth), Boros with Yield Units & margin leverage saving 60% collateral.
With this growth, @pendle_fi is gradually becoming the "bond market of crypto" – an essential yield infrastructure.
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